@cryptoninja
One of the interesting things about SafeCoin is that "mining" or, as they call it, "farming" (which is all really just earning SafeCoin) is directly tied to increasing the value of the coin for users of the SafeCoin-supported distributed file system. More specifically, as I farm, I create more distributed storage (and earn SafeCoins) which is then used by users spending SafeCoin.
With TatianaCoin as a Counterparty user-created asset which sits atop bitcoin, you really can't EARN TatianaCoin, can you? Instead bitcoin miners are just obtaining straight bitcoin and are a step removed from the TatianaCoin asset on top of the bitcoin network. So while I understand BUYERS of TatianCoin are adding value to the network, isn't it a weaker value proposition if the earning/mining piece isn't also solely & uniquely tied to increasing value for TatianaCoin spenders as in my SafeCoin example above?
It depends. Something like Tatianacoin had it fundraised enough does not require anything other than finance and interested future users who profit from evangelizing the cause.
But there's such a thing as critical mass, and in the case of the fundraiser we did not build it to sufficient levels. The good news is people like me who supported her campaign have a token that will become more valuable with her success, so whether it's now or in six months I'm interested in her success.
The value proposition with something like NXT or Bitcoin is pretty stable because the base of users is very broad and so a scary event for one demographic looks like opportunity to another. It's big enough to be sustainable and self correcting under all but the most extreme of conditions.
Tatianacoin or any new/small thing is the opposite, rather than being robust it is fragile. But also rather than being inefficient (the bigger the ecosystem, the stronger the force required to impact it) Tatiana's ecosystem is acute - Success in any form or fashion for her would dramatically increase the profile relative to where she was at the initial token event, and since its just a question of demand relative now to then the appreciation should be much more acute than if it were a larger base and money supply.
One might call this the NXT effect, where 71 small casual investors became distributors of a token worth exponentially more than they had paid simply because the project further matured and naturally more eyes discovered and were interested in it.
